Newark Sublease

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Newark

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
1,250
As of: July 28, 2017

Newark Rates

The typical asking rate per listing is in the $10's per square foot per year. The Newark submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 29% decrease in rent.

Newark Listing Supply

In the last 90 days, 2 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Newark are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,250 sqft. Most properties in this region are approximately 1 stories. Most buildings in this region were built in 1990 and are Class B.

Newark Community

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research